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Scottish Provident International reports 12 per cent increase in new business

Scottish Provident International has reported a 12 per cent increase in new business for the six months to June 30.

The offshore life office says equivalent premium income rose £2.3m to £20.9m from £18.6m the previous year.

New single premiums leapt 29 per cent to £90.7m from £70.4m over the same period of 1998.

But it was not all good news for the life office, annual premium business was down 1 per cent over the same period to £10.92m from £10.98m the previous year.


Yorkshire based IFA launches asset management arm

Yorkshire based IFA and general insurance broker RP Hodson is launching its own investment armRP Hodson Asset Management aims to offer investors a range of services from portfolio analysis to advisory management on collective investments such as unit trusts and offshore bonds.The firm has appointed Andrew Rattray to head up the firm as managing director […]

DBS to invest £1m in the internet

DBS is planning to invest £1m into its AssureWeb internet service according to reports in today&#39s Financial Times.The report says the service run by its internet business AssureSoft will be offering a quotation service from 10 insurance companies by the end of the year to DBS&#39 members.Another nine companies are set to follow.The news follows […]

CTC launches stakeholder pension admin system

Financial services computer software specialists Chambers Townsend Consultancy has launched an administration and communications system for stakeholder pension schemes.The &#39e-stakeholder&#39 package is designed to cut down on needless paperwork and duplication of information.It can be used by anyone wishing to offer a stakeholder pension scheme, from insurance companies to trade unions and employers.The system provides […]

Scottish Value Management aims for bigger IFA presence

Scottish Value Management is attempting to increase its presence in the IFA market with the launch its Low Risk Asset Fund.The fund is registered offshore in the Cayman Islands and listed in Dublin. It is denominated in US dollars.It primarily invests in traded endowment policies, but will also consider investing in other asset classes.The fund […]


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